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Abaxis Reports Record Revenues for the Third Quarter of Fiscal 2010
Date:1/28/2010

------ ------ ------ ------ Gross profit 18,296 15,105 53,302 43,950 ------ ------ ------ ------ Operating expenses: Research and development 2,835 2,037 8,002 6,116 Sales and marketing 7,486 6,061 21,428 18,382 General and administrative 2,552 2,241 7,739 5,855 ----- ----- ----- ----- Total operating expenses 12,873 10,339 37,169 30,353 ------ ------ ------ ------ Income from operations 5,423 4,766 16,133 13,597 Interest and other income (expense), net (11) 352 795 1,140 --- --- --- ----- Income before income tax provision 5,412 5,118 16,928 14,737 Income tax provision 1,982 1,762 6,545 5,308 ----- ----- ----- ----- Net income $3,430 $3,356 $10,383 $9,429 ====== ====== ======= ====== Net income per share: Basic net income per share $0.16 $0.15 $0.47 $0.43 ===== ===== ===== ===== Diluted net income per share $0.15 $0.15 $0.46 $0.42 ===== ===== ===== ===== Shares used in the calculation of net income per share: Weighted average common shares outstanding - basic 22,035 21,879 22,002 21,798 Weighted average common shares outstanding - diluted 22,617 22,
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SOURCE Abaxis, Inc.
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